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Streamlining Medicare Payments for Lab Tests

This act aims to improve the accuracy of Medicare payments for laboratory services, reduce administrative burdens for labs, and introduce more stable funding rules. This means citizens can expect better access to diagnostic tests and more predictable costs.
Key points
Changes how lab test price data is collected: instead of all labs, data will be gathered from a selected sample, reducing burdens.
Delays the next changes in data reporting for lab tests until 2026 and extends the reporting cycle from three to four years.
Introduces limits on payment reductions and increases for lab tests, aiming for greater price stability.
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Additional Information
Print number: 117_HR_8188
Sponsor: Rep. Pascrell, Bill, Jr. [D-NJ-9]
Process start date: 2022-06-22